Truist Financial Corp Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Truist Financial Corp trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,552 shares of the semiconductor company’s stock after selling 45,843 shares during the period. Truist Financial Corp’s holdings in Texas Instruments were worth $49,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morgan Stanley grew its stake in Texas Instruments by 14.2% during the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System grew its position in Texas Instruments by 33.2% during the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after buying an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock worth $288,687,000 after buying an additional 1,439,066 shares in the last quarter. Baillie Gifford & Co. increased its stake in Texas Instruments by 338.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock worth $306,008,000 after acquiring an additional 1,385,725 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Texas Instruments during the 3rd quarter valued at about $196,135,000. Institutional investors own 84.99% of the company’s stock.

Insider Transactions at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the sale, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TXN shares. Rosenblatt Securities restated a “buy” rating and issued a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Benchmark restated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Mizuho upped their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley raised their price target on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upped their price objective on Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $180.74.

Texas Instruments Stock Up 1.3 %

Shares of Texas Instruments stock opened at $177.48 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The company’s 50 day moving average price is $169.29 and its 200-day moving average price is $162.25. The stock has a market capitalization of $161.59 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.79 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company’s revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.21 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Wednesday, May 8th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.